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Vintage Star Wars Collecting
Vintage Collecting Chat
Auction House Sales - Beware!
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<blockquote data-quote="Mr-shifter" data-source="post: 498385" data-attributes="member: 4949"><p>Sound advice. Many people don't realise that the buyer has to pay a fee at auction. That's right, stick 20% on top of the hammer price. Hurts doesn't it. The final poke in the eye is the 20% is a service, and not counted as part of the sale, so add vat to it as well. </p><p></p><p>A lot of "cheap" vectis sales are not as cheap as you think when you slam the fees on top. </p><p></p><p>Think about this. An item gets sold for £100. The auction house charges the seller and buyer. The buyer pays £120, because of commission and the seller gets £80 because of the 20% sellers fee. </p><p></p><p>Every £100 of auction money nets the auction house £40. As bad as hmrc!!!</p></blockquote><p></p>
[QUOTE="Mr-shifter, post: 498385, member: 4949"] Sound advice. Many people don’t realise that the buyer has to pay a fee at auction. That’s right, stick 20% on top of the hammer price. Hurts doesn’t it. The final poke in the eye is the 20% is a service, and not counted as part of the sale, so add vat to it as well. A lot of “cheap” vectis sales are not as cheap as you think when you slam the fees on top. Think about this. An item gets sold for £100. The auction house charges the seller and buyer. The buyer pays £120, because of commission and the seller gets £80 because of the 20% sellers fee. Every £100 of auction money nets the auction house £40. As bad as hmrc!!! [/QUOTE]
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Vintage Star Wars Collecting
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Auction House Sales - Beware!
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